The latest USDA data shows there were 5,604 active licenses in 2023 (down 26% from 2022). Preliminary data shows about 45,000 acres have been licensed, with more than 21,000 acres planted, according to HempBenchmarks.com. According to marketing analysis by Technavio, the global industrial hemp market size is set to reach $6.47 billion by 2026 with a CAGR of 17.7%.
Hemp legalization and new methods of CBD oil extraction with a growing number of various CBD infused products available in mainstream markets will lead to an increase in consumer spending on CBD products. Grand View Research projects that total sales of hemp-derived CBD consumer products will grow at a compound annual growth rate of 20% while hemp-derived CBD is expected to grow at a CAGR of 23.4% post-pandemic owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health. In 2023, hemp-derived CBD dominated the market and accounted for 55.7% of total CBD sales.
U.S. Hemp CBD Business Plan Sample. Table of Contents.
EXECUTIVE SUMMARY
Project Scope
Market Opportunities
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
PROJECT SCOPE
Mission/Vision/Goal
Objectives
Products & Services
Key Markets
MARKET OVERVIEW
Global Market Overview
US Hemp CBD Industry
Competitive Advantages
Hemp CBD Market Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Marketing Plan
Launching Strategy
Sales Forecast
OPERATIONAL PLAN
Location/Facilities
Physical Security Plan
Packaging and Labeling
Transportation
Tracking Solution
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Direct and Operational Costs
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
Funding Analyses
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
U.S. Hemp CBD Business Plan Sample for a Hemp/CBD Retail Business
U.S. Hemp CBD Pitch Deck Sample for a Hemp Cultivation, CBD Oil Extraction and/or Fiber Products Manufacturing
U.S. Hemp CBD Financial Model Sample for a Hemp Growing Business
We offer professional hemp/CBD business plan templates, including pro forma financials and projections to help you know how much money it will cost to start your business and how much money you can make by starting and operating your 100% legally compliant hemp/CBD business. A Hemp/CBD Business Plan Template includes: Excel financial model that you will be able to edit and customize according to your business needs Word business plan document template, open and editable PowerPoint pitch deck template, open and editable Unlimited support (email)
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